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." and he would say "why would we want to be doing that now? that's actually going to hurt the economy." >> but hasn't our economy changed so much since franklin roosevelt simply put people on the government payroll? >> it's, economics, the underlying rules change a lot more slowly than people imagine. people look and they say, "oh, you know, back then they were taking ocean liners and now we fly jet airplanes." or, "back then we didn't have a global economy." actually, we did. it's a little bit fancier now. but the basic rules are not are not much changed. it takes hundreds of years for those to change a whole lot. and this is, i can pretty easily assemble a bunch of headlines from the 1930s and they will sound like they're right out of today's headlines. this is the same kind of animal that we confronted in the '30s. this is depression economics. and the nature of the solution is not really very different now from what it was then. >> what do you mean, depression economics? >> well, two things really. one is, a recession is when the economy's going down. a depression is when the econ
's happening in the political world and the economy which we're in. the situation with the gun violence is very close to home, because i do enjoy -- even though i'm 60, i still go out and hunt and shoot a deer and kill a turkey to eat. host: thank you very much. by the way, the full presentation by the president yesterday, you can certainly watch atlanta cspan.org. good morning, what kind of work do you do? caller: i'm in the mental health field. each level of the patients have had different mental health issues. and i have really been waiting for this issue to come up, because that's what concerns me the most. i have worked with people that have multiple personalities. we have been scared to death. they pick beds up. they have tremendous anger in there. i don't think they get the proper care that they need. and after a while, they're released and that is something that i'm really concerned with. it's not about who is able to get a gun, who is able to have a gun. that's not the issue right here. the issue is that we have to start dealing with people with mental health issues. i have worked in a
and our economy. and finally, reform that recognizes the need for safety and security on our boarder and in our communities. with democrats and republicans recognizing the moral, economic and political imperative to create a 21st century immigration process, the 113th congress marks the best opportunity for broad immigration reform in nearly a decade. but for legislation to pass, it will take leadership. leadership from the administration, from congress and from faith, law enforcement or and business leaders at all levels. in each case the leadership that is needed must be strategic, disciplined and unified. our speakers today are exactly that; streej i disciplined and unified. our unity of purpose comes from the common crisis facing families and businesses in our midst and cuts across professional sectors, geographic regions, political stripes and religious beliefs. our consensus lies in a common belief that all americans prosper when we welcome immigrants and empower them to participate fully in our society. we have a broad, a range of speakers today from these three constituencies
to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have t
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> we're back. political director and chief white house correspondent chuck todd will take us inside the numbers of the latest poll as you tee up the second term, chuck. >> four years ago, enormous expectations for president obama. there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very similar to what ronald reagan dealt w
to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the administration of president george w. bush. in her book, she helps us understand why the failures of such direct investments in private firms are both significant problems in themselves and cautionary tales for those who would have the government rather than private investors allocate capital. the publication that regulates the disaster caps diane mr. shear as an institute senior fellow, i'll year in which has been prolific and influential. cited by reuters reporters, talk show host, across the country. i think in particular of her many, many contributions to our series called issues 2012, ranging from her analysis demonstrating that even adjusting for the state of the
appropriate levers and can drive productivity throughout the entire economy, the two we're focused on are what we call the power platform, the energy grid needs to be redone, and the knowledge platform. we don't -- we need to do some work on the networks, which is to say broadband, but it's really about how do we apply it? how do we deliver band width that can change education, change health care, change all government services, we get faster, cheaper, better, the same phenomenon on our phones and in our networks, we want to see in public goods and services like education and health care. >> host: mr. levin, how important is speed when it comes to improving our economy? >> guest: depends on a variety of different uses. for example in medicine, we're now moving to a place where we can have wireless sensors improve medicine and that's great. but business uses and other thing things, cameras, geneomic medicine, there's faster networks, president clinton was was dell and he said we can't expect our businesses to compete internationally if they only have access the speed of korea, and he is absolut
debt ceiling. >> it would be a self inflicted wound on the economy, it would slow down our growth. might tip us in to recession. and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's already spent in less than four weeks. i have cousins that do that. they play to hold the debt ceiling hostage. aides say half the conference is ready to let the nation default. speaker boehner will school them on the real threat later this week. even a temporary extension for, say, two or three months could rattle the markets and threaten the nation's credit rating. last time they hashled out a debt deal? summer of 2011 and we ended up more than a trillion dollars in mand
similar things and have also had some success in creating more monetary policy support for the economy. >> you had mentioned that there has been evidence that the longer-term interest rates have come down to the initial round. concern is that the unemployment rate remains very high and activity would try to bring that down and one would hope to see additional movements from the most recent round. are you suggesting that one would need to be patient? needs a little bit more about how you would assess how this is having the kind of effect that you would anticipate? >> well, we will be doing that on a regular basis. we will be looking at the impact on financial markets and we will see some effect there. we will look to see whether or not the labor market situation. we first started talking about a .1% on employment, there has been some movement. there was nearly 40% of the unemployed having been out of work for six months or more. that is a situation where there are too many people i can give you specific criteria except to say that we will be assessing the impact of our actions a financi
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
spend on everything from education to public safety less as a share of the economy that has been true for a generation. that is not a recipe for growth. we have to do more to stabilize the finances over the medium and long-term, and also spur more growth in the short term. i have said i am hoping to making modest adjustments to programs like medicare to protect them for future generations. i also said we need more revenue for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a
of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> here is the g
for our economy. so important for our public safety. so important for emergency response as we witnessed here in the northeast of the country. and so, while the fight was long and at times, unnecessary, at least the vote was taken today and we move forward. mr. garamendi: thank you, mr. tonko. the bill now is out of this house. it's already in the senate. we expect the senate to pass it probably tomorrow or the next day. certainly before the inaugural on monday and then the president will sign it shortly thereafter. bringing that kind of relief. you mentioned the jobs issue and people need to go to work. when we have these natural disasters and we come forward with the kind of support that we have seen today and will soon be available for new jersey, new york, connecticut and the surrounding areas, people go back to work. those people that have received immediate fema support for housing, for clothing, for food, that money is immediately spent into the economy. on the infrastructure side, it's crucial when the subways of lower manhattan flooded, the world's financial institution took a w
the way the move freight that fuels our economy. map 21 streamlines and consolidates programs and map 21 helps to shorten project delivery a priority for president obama and congress. when we deliver projects faster, when we deliver their benefits faster. like enhancing safety, less congestion and a cleaner environment. the project delivery improvement included in map 21 based on an innovative -- innovation initiative known as everyday counts. they took it from you, victor. you've done a great job with every day that counts. let's hear it for decter menendez and what he has done and what his team has done. thank you, victor. [applause] the concept behind everyday counts is the same as this year's thp. better, faster and smarter. finally map 21 helps us keep our transportation system safe. this law gives the department for the first time oversight over transit safety. again, a big thanks goes to peter rogoff. in the train crash your and 10, peter and i decided that we would commit ourselves to getting the department of transportation into the transit safety business and thanks to all of h
, growthing -- growing faster than the economy. we have to fix the social security system making promises that are bigger than which we can pay out down the road. .. but he recognizes the threat it putouts there in the economy in that you can't possibly imagine the real growth coming without a sense of stability. the with coming from knowing what these changes will be so you could have planning investments, job creation, all the necessary pieces of moving the economy forward. the big wild card is when people are going to make these tough choices instead of using them to fight in the normal political boxes. what is going to happen next? it's on a different path than i would have thought. if you think about the prospect theory which basically says when you're delivering good news you want to do it in lots of little pieces if they got a promotion than you want to tell them they got a raise and then tell them they got a bigger office. each piece of big news is good and makes people happier. if you were doing bad use and waiting for an airline that is going to be delayed. i think it really app
economy that provides equal opportunities for all americans with no barriers born of bigotry or discrimination. putting america back to work means putting all americans back to work. ending inflation means freeing all americans from the terror of runaway living costs. all must share in the productive work of this new beginning,' and all must share in the bounty of a revived economy. with the idealism and fair play which are the core of our system and our strength, we can have a strong and prosperous america, at peace with itself and the world. so, as we begin, let us take inventory. we are a nation that has a government -- not the other way around. and this makes us special among the nations of the earth. our government has no power except that granted it by the people. it is time to check and reverse the growth of government, which shows signs of having grown beyond the consent of the governed. it is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the federal government and th
attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only re-elected the president but gave us the same senate in the house as we had before. so as much as they are saying economy isn't going well, when they had an opportunity to change things they voted for more of the same. >> heather: you mentioned congress, finally two polls dealing with that. first since president obama was re-elected, 30% think he has been more bipartisan in working with congressional republicans, 55% the majority says he has been more confrontational? >> i think some of the number for confrontational they are saying that as a positive. certainly democrats want him to be more confro
the greatest global economy in the entire history of this universe. host: all stop you on that point. thank you for the call from chicago. this from our twitter page -- a headline this morning, wall street done with washington's drama. the markets new attitude toward brinkmanship, wake me when it is over. they shudder to think what congress can do to the economy. a breach of the debt ceiling would we far more damaging than a trip over the fiscal cliff. after two years of divided government, they seem to treat this crisis as a new normal. investors are no longer hanging on washington's every word in the weeks leading up to a deal. next, john from tennessee. caller: good morning. i am calling about the debt ceiling. yes, it does need to be raised. because we have to pay our bills. if the government is allowed to borrow money and set their circumstances, then why is the private business sector not allowed to do that? the federal reserve has been shut down as far as to the bankers, as far as the this man being able to borrow money. the industry in the united states needs money to operate on and and
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on immigration? it is not the only topic on the mayor's agenda. he is been discussing gun control, the economy and many other matters. some have taken notice of his travel to latin america, and some are asking whether a position in the obama administration will be part of his future. please join me in the coming to the national press club, the mayor of los angeles, antonio villaraigosa. [applause] >> thank you, thersa for that introduction, and for inviting me here today at the national press club. before i start, i grew up in a home where we are used to serving ourselves, so whenever i am served, i like to think our servers. if we could give them a big hand, please. [applause] i want to think particularly the members of the press club for this opportunity to speak to you all today. i am truly honored to be here at one of our country's most venerable institutions of in less than six months my final term as mayor of los angeles will come to a close. with each passing week i take another step toward what one would call the transition from who's who to who's he? the sun may be setting on my admin
the american economy. the financial well-being of the american people is not leverage to be used. martha: hmmm. there you go. iowa republican congressman steve king joins me now. so those are your two options. you can either crash the american economy or you can raise the debt limit or refuse to raise the debt limit. what do you pick, congressman king? >> isn't that masterful political rhetoric coming from the president? if you listen to him talk, there is a little pause in his selection of words there, you it is choreographed and carefully chosen but the american people will be able to see through this i believe. the first problem we need to deal with, martha, the misuse of the term default that emerged in the last debt ceiling crisis in august of 2011 when used on both sides of the aisle, when we reach the point the united states didn't have anymore borrowing authority that automatically meant default. it doesn't. that was a false definition then. it is a false definition now. we have enough money to operate essential components of this government that we can go on for a very long time. this
on that investment? are you benefiting from that? is there enough tax being generated in the economy to offset that and when a disaster occurs are you on the hook for all the infrastructure and everything else that may be required to rebuild that community? and isha return on that exposure greater than what your payoff would he? now the taxpayer, the answer unfortunately is too often now. we have subsidized risk to a point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs you are now exposed to much greater costs without necessarily generating revenue or other societal benefits offsetting that risk. now, through the 70s and 80s and early '90s, when a lot of growth was taking place in growing coastal areas and other areas very few storms were occurring. the frequency was down so the illusion was i a pitcher for 3030 years and this never happened. the problem with climate and weather is 30-year cycles are like an eyelash in understanding how these systems work. notts talking about any other issues and now we find ourselves in this increased activity and y
the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of the people on social security will be on fixed budgets. and so there's still a danger having out-of-pocket
axelrod about some of the challenges the president will face. >> rebuilding the economy in which the american dream, the american compact is fresh where people who work hard feel like they can get ahead. that's not just about dealing with the fiscal crisis. it's about education, research and development, controlling our energy future. all of these are part of the equation, and we can't just do one piece of it. >> roughly 24 hours from now we will hear the president lay out some of those plans for the course of the next four years. david playofoffe, the president completed writing his remarks. now we just wait to hear what he has to say. >> and there were other active tifs involving the vice president. he was sworn in for a second time today. tell us about that. >> that took place about 8:20 this morning. he was sworn in by his choosing by the justice sonia sotomayor. a lot of people were asking why did that happen roughly 8:00 this morning. because the justice is actually on book tour right now. she had a previous commitment in new york. she had to hustle to a train to make that
, for our economy cannot be overstated. the sovereign debt of the united states, for it to be questions that we would pay our bills or not, is not a scenario that we want to go through as a country. that would really harm us. that said, as i was coming back on the train from new york, i shared this with those with me. i said you're going down this track at 130 miles an hour. what would cause the conductor, knowing that if he veers off on this next rail to the right and pulled the switch that would cause that to happen, even if he knew it would put the train at severe risk by veering off to the right, what would be the only reason a person would go off that course rather than go straight? and the reason is that there's a larger cavern, kind of a grand canyon that we are about to go off. here's what i have concluded as a businessman and a seasoned public servant. the music will stop at some point with respect to where we are. when we are pouring $1 trillion a year, 40 cents on the dollar, you cannot do that into perpetuity. the time for leadership is right now. the time to address this is
for breaking details. thank you. >> turning to the u.s. economy. consumer sentiment at the lowest sentiment for more than a year. reuters survey showed 35% of consumers have a negative reaction to fiscal cliff negotiations. the dow finished up 54. the s&p 500 gained five. the nort nasdaq lost one. there is word tonight that republicans may be willing to give a little now to get something back later. we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> our hope is to pass something early so the senate can take action as well. i wouldn't be jeopardizingor economy there. it shows it's a rational, put us on a better path. and i would hi the american public could supp
and hatred. our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. homes have been lost, jobs shed, businesses shuttered. our healthcare is too costly costly and our schools fail too many. each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet. these are the indicators of crisis, subject to data and statistics. less measurable, but no less profound is a sapping of confidence across our land. a nagging fear that america owes the decline is inevitable, but the next generation must lower its sights. today i say to you that the challenges we face are real. they are serious and they are many. they will not be met easily or in a short span of time, that know this, america -- they will be met. [cheers and applause] on this day, we gather because we have chosen hope over fear, unity of her pace over conflict and discord. on this day we come to proclaim an end to the petty grievances and false promises, the recri
it to be. >> the stalled economy, the another mountain to climb for the president. >> the overwhelming problem, the economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller, ten inaugural balls for years ago. only two this time. tomorrow, what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >>> of course, there are plenty of people around here who were not excited about this inauguration a lot of republicans are skipping town. neither president george w. bush nor his father, recently hospit hospit hospitalized with health problems, plan to attend. >> for more, let's bring in david gregory. tomorrow, the president will deliver his inaugural address. the first time around we typically hear optimistic, loft lofty, ideal speeches. what do you expect him to say tomorrow? >> i think he wants to talk about restoration of the american economy. i think about the first inaugural address and how crisis
. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >>> turns out that the subway footlong is sometimes 11 inches. we have been $5 foot wronged. now we know how jared lost all that weight! he starved to death! subway, it is over. i'm going to be keeping you honest by measuring every sandwich with the most accurate means possible, my fruit by the foot. >> i don't know, lance armstrong, manti te'o, now subway sandwiches. >> who can you trust? >> my world is crushed. let's take a look at the "morning papers." "the financial times." china's economic growth has hit its slowest rate in 13 years. still the country's gdp grew by 7.8%. economists say it could have been worse. they note amid concerns of a slowdown, china's government has spurred heavy investment in inf infrastructure. >> "usa today." congress, inexperienced. 40% of lawmakers in the house have fewer than three years' experience. the lowest number since at least 1995. as a result, new members are often receiving committee as
: to the nation's still-recovering economy. >> he is addicted to spending and those are policies that will hurt our country long term. >> reporter: and tonight, a top white house adviser tells nbc news that the president has finished writing his remarks for his inaugural address tomorrow that he will deliver shortly after completing the ceremonial oath of office. tomorrow night the obamas, lester will celebrate with two inaugural balls compared to ten four years ago. >> all right, peter, thank you. >>> and washington is getting ready for the spectacle that brings at least a sense of unity to this city once every four years. nbc's kelly o'donnell is outside the capitol with that story. good evening. >> reporter: good evening, lester this is where it all happens for what is the grandest photo op in american politics. tomorrow, we will see the president walk through that red drape behind me and he will take the ceremony y'all oath and deliver his inaugural address at the front of that stage. just final touches to go. and counting down to that moment, there was actually plenty to see today. save al
job creation and the american economy. today we will hear from s.e.c. commissioner danny gallagher who i think is well-positioned to lay out an agenda for this in the next year. we hope this is an agenda that can attract strong bipartisan support. mr. gallagher brings a unique combination of backgrounds. he started as general counsel for a financial services firm. then joined the staff of commissioner paul atkins and worked for commissioner, worked for the -- at the f.c.c. as deputy director and then acting director in one of the largest divisions. he's been on the senior professional staff, then was in private practice and about 14 months ago was confirmed by the u.s. senate as securities and exchange commission commissioner. i think everybody who who knows him will know several things about him. he is smart, he understands the complex issues. second, he is -- he has an ability to see another person's perspective and find consensus and make forward progress on issues and understands that you can achieve consensus while still remaining true to principle and finally that he is a great p
and undermine their idealism. if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if the example of our fathers and mothers will inspire us or condemn us. we must show courage in a time of blessing by confronting problems instead of passing them on to future generations. together, we will reclaim america's schools, before ignorance and apathy claim more young lives. we will reform social security and medicare, sparing our children from struggles we have the power to prevent. and we will reduce taxes, to recover the momentum of our economy and reward the effort and enterprise of working americans. we will build our defenses beyond challenge, lest weakness invite
. >> the staaled economy another mountain to climb for the president. >> the overwhelming problem the economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller. 10 inaugural balls four years ago. only two this time. and tomorrow what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >> of course there are plenty of people around here not excited about this inauguration. a lot of republicans are skipping town. neither former president george w. bush nor his father, who was recently hospitalized with health problems, plan to attend. for more on the inauguration and president obama's second term, let's bring in david gregory, moderator of "meet the press". good to see you. >> good morning, lester. >> tomorrow the president will deliver his inaugural address. the first time around we typically hear optimistic, lofty ideal speeches. there is the reality after four years, what would you expect him to say to
economy. this is a little under an h
' medical facilities, and help keep the economy moving by funding necessary repairs, small business loans, and recovery aid for businesses of all sizes. my committee thoroughly examined the emergency request, listened to the needs of the people and the region, and assessed the most pressing needs to determine the funding levels paid in this bill. we crafted this legislation responsibly, giving the administration's request and the senate passed bill a hard scrub to eliminate unnecessary spending. we have removed objectionable provisions added by the senate and have adjusted funding levels to make the best use of taxpayer dollars. as we know, we face precarious fiscal times and it's essential that congress make responsible decisions to ensure efficient and effective spending. taking cues from previous efforts we have included important oversight measures to prevent abuse and ensure that federal agencies are using these funds effectively and appropriately. this is not the first major natural disaster nor unfortunately will it be the last. one of the great attributes of the american people ha
? it's hard enough getting jobs right now in this economy. veterans' unemployment is a little bit higher than the national rate. then you have people who are dealing with some type of wound as they try to get back into the workforce. do we have to curry the jobs towards their skills? >> no, i don't think so. i think these disabled veterans bring lots of skills and leadership skills as well as the breadth and depth of experience they had in the services back to local communities. what has occurred is the u.s. army in 2007 asked the national organization on disabilities to help develop a solution to this problem, and they created three locations in north carolina, texas and colorado to work very closely with these stabled veterans. it was one on one with other veterans working with veterans, primarily disabled with disabled, very career-intensive veterans centric and focused on transitioning them back into civil society. the success rate has been over 70% of those veterans after 18 months have a job or they're in some sort of educational environment to include vocational training. i
'll turn to the economy now. a new warning about the united states and our credit rating as the debt battle kicks into high gear. congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part c
and partnering with things that are made in the usa. it's going to be just enormous for our economy. >> it's the largest company in world's history, walmart. they sell more food than -- food -- than any company in the world. >> i had no idea. >> that's how massive it is. 1.6 million employees. >> i think this could really make a difference in our economy. we need it. >>> all right. coming up, what happens when two retirees head to prison with their knitting kits. >> we'll show you those doing hard time with needles and yarn. you can't miss that. stay tuned. you're watching "world news now." stay tuned. you're watching "world news now." ♪ >>> good musical choice, huh? good musical choice. >> good stuff. all right. when you think about criminals serving time behind bars, you probably figure they're pumping iron or shooting hoops. >> and knitting is probably the last thing that comes to mind. two retirees are turning convicts into converts with yarn. here's abc's t.j. winnick with more. >> reporter: barbed wire fences, watchman towers, and a group of men with felony convictions. >> armed ki
, when you consider the impact of drought in the economy, in some nations in africa it has been up to 9% of the gdp of the nation's. for instance, in zimbabwe or even in kenya. so when you consider all this, i think more need to be done for preparedness and for early action. unfortunately the question is why is it the information on early, early warning, i think it's because first, drought is not a kind of charismatic disaster. it's not like tsunami or earthquake. it has little subterranean impact. second, we're experiencing more frequent drought. we are reluctant to take action on early warning because maybe they're concerned about taking action and being found wrong. so uncertainty is something that scientists alike. i think my third point also might be that one might say why should we act so early? we may undermine the capacity of committee. so when you put all these together, you may have some reasons why early warning is not leading to early action. >> thanks for the question. this issue crosses pretty much everything we are going to hear. why you said that information about the fu
have the will to the poverty a priority with in this country? >> you have to have the real economy. but we have now? i am amazed -- you could talk about public education, we could talk about health care. everyone knows that a single payer health care system would -- insurance would cover everyone. insurance companies would be gone. cost, quality, access would be at a premium in terms of our ability to be a civil society if we had a single payer health care system. we could generate almost 3 million jobs, which would serve to stimulate the rest of the economy when you are building -- and actually taking care of the people. they know that in washington. viable. -- valuable. they just want to privatize it. i think you all doing a beautiful job -- the nurses appreciate you so deeply. honestly, the progressive caucus, the black caucus -- but one of the things that you said, and i completely agree, is that you have got to push. we have got to treat a movement in this country -- occupy was a moment. it needs to start up and keep going -- it needs to bring millions of people with it. the r
decisions but to secure equal pay for equal work, it to protect medicare for seniors and to build an economy that works for the middle class. that is exactly what we should expect from washington. [applause] i am proud to say that we have a president we can count on. president obama has been taking a strong stand with the women and families on health care, equality, economic security. he appointed two fantastic women to the united states supreme court. [applause] and he chose his biggest rival to be his partner on the world stage. we are so proud of hillary clinton. [applause] president obama trusts women and women can trust president obama. we have a reason to feel good about where we stand today. with the movement we have built together, we have reason to aim high elie the years to come. -- aim high in the years to come. last cycle, we more than quintupled the size of the economy -- our community. we're using technology to open our doors to another generation of women, and men, where we meet them. we reach them where they are. we help them understand what is at stake. we added in their voi
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